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20121201
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, waiting for breaking news out of washington on a matter that has no business being breaking news. this was an entirely anticipated crisis, one that is completely of washington's creation, even at this late moment, washington still ready to gamble with your economic future instead of conceding some ground to conclude a deal that possibly saves it. i'm ali velshi. this is "your money," a battle of ideological wills in washington as america moves dangerously close to a fiscal cliff. >> we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> alas, this is how we do things now, create economic storms then look to provide an umbrella at the last possible second. we avert disaster but move no closer to solving our long-term economic problems. after a moment of spiritual clarity on friday afternoon, harry reid is working on a bipartisan deal ostensibly with his republican adversary mitch mcconnell. >> -- engaged in discussions, the majority leader and myself and the white house, in t
what washington needs to crack the whole fiscal cliff thing wide-open. all i'm saying is i think it has the power to bring people together simpson style. that's it for us. thanks for watching. "early start" begins now. >>> new this morning, tanks and personnel carriers stationed outside the presidential palace in egypt, clashes turning deadly overnight. rage at the new leader fears he may become the old leader. we're live from outside the palace in 30 seconds. >>> plus new reports that syria is putting chemical components in bombs. the details, straight ahead. >>> as of this morning for the first time in the history of our country, it is now legal to smoke pot for recreational purposes in a state and we are there for the pot party. good morning, welcome to "early start." i'm christine romans in for john berman this thursday morning. >> i bet you never thought you'd say that, live at a pot party. >>> good morning to you, i'm zoraida sambolin, 5:00 a.m. in the east here. >>> tension has quickly turned to deadly violence in egypt. this morning, tanks and armored personnel carriers are guar
.vitac.com >>> "outfront" next, president obama visited a toy factory today. and while everyone in washington is acting rather childish about the fiscal cliff, this is not child's play. u days left and susan rice facing new skrcrutiny today fro democrats. this time about her personal investments and the number of drones has surged. the newest versions though, pretty incredible. they look like a cheetah and a fish. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight, a washington stop playing battleship. yes. battleship. we went out and bought it because we wanted to remind you, the kids game where the goal is, i'll read it, can you sink your opponent's fleet before your opponent sinks yours? pretty perfect. this fiscal cliff though is not child's play. it's just 33 days away and today, president obama's visit to a toy factory in pennsylvania had everyone acting a bit childish. >> i've been keeping my own naughty and nice lists. >> we're not interesting in playing. >> i wasn't going to have him building roller coasters all day long. >> sure, who doesn't want to be a kid
stocking. higher taxes, lawmakers and president obama have left washington for christmas with no deal on tax hikes and spending cuts set to go in effect after the first of the year. brianna keilar is live in hawaii where the president is spending the christmas holiday. brianna, the president maybe a little too optimistic that a deal can be reached? aloha, by the way. >> he did say last night that he is a hopeless optimist that something can get done, but what we know, it's not going to be that big package, obviously of deficit reduction as well as dealing with these tax hikes that are set to kick in. that's not what's going to be happening, instead, he's pressing for something smaller just to a deal with stopping those tax hikes from kicking in for americans making $250,000 per year or less. and also trying to make sure that unemployment benefits are extended. listen to what president obama said last night and also listen to what some of the house republican resistance from speaker boehner to his sort of short-term plan here. >> in the next few days, i've asked leaders of congress to
, windy in new york city and long island, washington, detroit, memphis and out west san francisco with a different storm system impacting that region. right now moving forward you can see heavy bands of snow throughout indiana and illinois, sliding to the east and we have severe weather breaking out, i've been tracking the thunderstorms all morning long and they are strong and intense across parts of the chair lie in as. notice the red and the green that indicates higher cloud tops, we're getting intensity and rain and it's that part of the country we're watching out for severe weather. we may see tornadoes break out. today we're looking at heavy snow across illinois, indiana and ohio, it could be a foot or more moving forward and two areas of pennsylvania and new england tomorrow. this storm is not over yet. >> all right, bonnie, thanks so much. >>> now we turn to the bizarre and trangic shooting in upstate new york on christmas eve. two firefighters were shot and killed after responding to a call that a house was on fire and this morning we're learning more about the shooter, hi
to go before america goes over a fiscal cliff. an outcome looking more likely every hour. washington's willingness to take america to the brink threatens its prosperity. i'm ali velshi. this is "your money." the latest negotiations comes down to useless symbolic moves and haggling between grown men. put bluntly, your elected officials are wasting time while the clock ticks. house speaker john boehner announced his plan b to let bush-era tax cuts expire for earners making more than a million dollars a year. and he wants to replace automatic cuts in defense spending set to start early next year with unspecified cuts elsewhere. the speaker pulled his so-called plan b for lack of support from his own party because many republicans still beholden to grover norquist and that ridiculous pledge want no compromise at all. the debate between the two sides centers around a balanced approach to the budget. republicans say president obama wants too much revenue. that's taxes in normal speak. and not enough cuts. >> at some point we have to address the spending problem we have. we can't cut our wa
term the best way to break washington stalemates, rally the public to their cause. here's how the president put it to cbs news. >> so getting out of this town, spending more time with the american people, listening to them and also then being in a conversation with them about where do we go together as a country, i need to do a better job of that in my second term. >> better job of explaining? >> well, explaining, but also inspiring. >> reporter: wolf, when it comes to a deal on averting the fiscal cliff, negotiations are on deep freeze. from the white house's perspective, they're not going to budge until house republicans come around to the view that tax rates on the wealthiest have to go up. but you know house republicans don't want to agree to any kind of deal that includes that. so right now it's a blinking contest. of course, the white house thinks it's one they'll ultimately win, because in the new year tax rates automatically go up. >> and there could be a recession once again if we go into that fiscal cliff. how worried are officials over at the white house that the pr
? >> matter of time. >> reporter: tory dunham, cnn, washington. >>> "cnn newsroom" continues right now with brooke baldwin. >> suzanne, thanks so much. good to be with all of you on a monday. i'm brooke baldwin. let's show you live pictures. we're watching and we're awaiting the president, packed room here, these are live pictures from redford, the redford plant, daimler's redford engine plant to be specific today this is the greater detroit area. we're expecting the president. this is an invitation only audience. we're expecting to hear themes of the economy, and middle class. couple of backdrops, just to put this in the back of your head as we continue this conversation with our chief white house correspondent who i'll bring in in a moment here. just yesterday, the president met with the speaker of the house, john boehner, to talk specifically about avoiding the fiscal cliff. we are mere weeks from that, you know, basically kicking in, first of the year. that's when everyone's taxes would be going up. that happened just yesterday. and also you have all these pro union protests happen
treated with antikanticoagulant. jill dougherty, live in our washington bureau. what are you hearing? >> not a lot. since that statement sunday night, sanjay. they are really saying -- as you said, they are monitoring, and here is the statement so you can listen to exactly what they said. that her doctors are going to continue to assess her condition, including other issues associated with her concussion. because after all this happened as a result they say of that concussion, and they will determine if any further action is required. so it's really, you know, watch, wait, observe, and see how she's doing. this has kind of grown. remember, you know, the flu, then that leads to a conclusion and now this. so they want to be very, very careful, and as you as a doctor, sanjay know, when the secretary travels a lot. the blood clots can be very dangerous for anyone. we don't know where that blood clot is, that could be a very significant issue. in fact, her travel was on hold until the middle of the month. benghazi hearings, she will be many coing back this week. looking forward to work an
grover norquist pledge is actually incredibly misunderstood. it's based on what washington budgeting organizations call the current law baseline. what that means is that what scheduled to go into effect already is baked into the cake. and because the bush tax cuts are expiring provisions that were voted for ten years ago, it doesn't really count as a tax hike when they're already scheduled to take effect. so as long as republicans can just keep the revenue below what taxes would raise to in full expiration of the bush tax cuts, they won't be violating the pledge. >> kevin, that sounds incredibly reasonable. do you think grover norquist shares that interpretation? >> so there's an important distinction to be made between what the pledge actually says and what americans for tax reform, his activist organization advocates for. as grover said himself, the pledge is to the american people, not to grover norquist. so it's not just, you know, republicans need grover norquist's approval for what they want to do. it's more that americans for tax reform wants to keep tax rates low despite the
connell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies, watching their kids play soccer, basketball, doing all kinds of things. they should be here. >> now, house speaker john boehner is saying the senate needs to just take up a house pass bill that has already passed t
caucuses. >> game on. >> reporter: kicked off a battle for the republican nomination that few in washington had expected. the gop's odds on favorite, mitt romney stumbled in some of the early contests. he refused to release his tax returns allowing newt gingrich to take south carolina. >> we proved here in south carolina that people of power beats big money. >> reporter: but that big money eventually cleared the field and romney set his sights on the president. >> it's still about the economy and we're not stupid. >> reporter: at number nine, bain. not that one. that one. almost as soon as romney had had locked up the nomination, his former private investment capital was crashed by the super pac and obama campaign. the attack ads put romney on defense for months. the president also got a lip fr lift from the supreme court. romney vowed to strike it down himself. >> i'm not one that's going to get rid of obama care. >> reporter: at number seven, gas. >> governor romney, do you feel that your gas has overshadowed your foreign trips? >> reporter: or in romney's case, his entire foreign trip wh
live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the senate to see what senate majority leader harry reid can cobble together to get some republican support. technically, it's still possible to come to an agreement. that said, politically is a different story, and the prospects for coming to a deal are starting to dim. right now, we're hearing a whole lot of the blame game. a lot of public posturing from both sides as they prepare for the possibility of going over the cliff. let's listen to harry reid. >> we are here in washington working while members of the house of representatives are out watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. >> now, the speaker of the house, john boehner, sort of retorting to reid, ali. in a conference call he said the leaders should do more -- or pardon me. less talking and more legislating. he wants the senate to take up a bill that the house has already passed to extend all rates
today. the president is pulling the plug on his trip to hawaii to tend to urgent matters in washington. with tax hikes looming in less than a week, he's scheduled to return to the white house tomorrow, just as a deadlocked congress reconvenes days ahead of the so-called fiscal cliff. you're just six days from feeling this. now, first hit is coming on january 1st when your take home pay will drop by 2% because of a scheduled hike in the social security payroll tax. that's just the start. income taxes are set to climb too. and you'll notice that when employer gets to around the adjusted withholding, the government spending cuts, those are also scheduled for january 1st and bound to slow the economy and some argue they'll weaken the military. congress has seen this coming, but an effort to limit the damage failed last week. republican house speaker john boehner could not persuade enough members of his party to let tax rates rise on incomes over a million dollars while sparing everyone else. dana bash is our senior congressional correspondent. dana, this time tomorrow, the president is sup
was the rocket launch it hyped in april. that failed. both washington and seoul suspect the rocket launches are really cover for ballistic missile tests. >>> and all week long we have been seeing protests in egypt, some of which have turned violent, and there are more moss demonstrations happening right now. protesters are holding duelling rallies for and against president mohamed morsi, so let's get straight to cnn's reza sayah in cairo for us. he's joining us now by phone. reza, the muslim brotherhood has called for not one but 2 million man marches in support of morsi. what do you know about those? >> reporter: randi, we are at one of them, and this is a very large gathering. obviously for more than a week now we've seen hundreds of thousands of egyptian protests against president morsi and the muslim brotherhood and now supporters of morsi say it's our turn. tens of thousands have showed up outside of cairo university where we are and saying we support president morsi and like the anti-government protest we can put on a large demonstration, too. a large turnout. a few thousand women. th
is on the way has taken such an ugly tragic turn. matthew chance, cnn london. >>> to washington now, where the debate hasn't changed. taxes versus spending. deciding how much of each is what's holding up any deals on averting the fiscal cliff. negotiations are pretty much at a standstill, but if you ask house speaker john boehner, he has an idea of who's holding things up. >> there are a lot of things that are possible to put the revenue the president seeks on the table. but none of it's going to be impossible. the president insists on his position. insists on my way or the highway. >> in his weekly white house address this morning, president obama responded to boehner's remark. >> i'm willing to make more entitlement spending cuts on top of the one trillion dollars in spending cuts i signed into law last year. but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, then we're also going to have to ask the wealthiest americans to pay hi
>> you hear that? you hear that? washington, like the karate kid, could learn something from mr. myagi. >> balance is key. >> or from gabby douglas. or from nik walenda. find us on twitter. cnn saturday continues right now. >>> from cnn world headquarters in atlanta, this is "cnn saturday morning." >> i will certainly not turn myself in. >> in disguise and on the run. u.s. internet tycoon john mcafee is hiding in belize. from authorities investigating a murder. but cnn found him and you'll hear his exclusive interview. >> i think that what we can conclude is that we've got to be better. >>> an extreme makeover. that's what some republicans say the party needs after losing the presidency and seats in congress. all morning, we'll look at how the grand old party might be looking for a bold new image. >> why did you do that to me? >> humiliating tasks and degrading exercises all part of the therapy designed to turn gay merge straight. now several men are suing for treatment so controversial we can't even show you the pictures. >>> good morning, everyone. i'm randi kaye. thanks for s
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, discover aleve. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just re
Search Results 0 to 20 of about 21 (some duplicates have been removed)